Market Vectors Junior Gold Miners ETF: Top 5 Holdings

Market Vectors Junior Gold Miners ETF: Top 5 Holdings

Last week, Gold Investing News took a look at the top five holdings of the Market Vectors Gold Miners ETF (ARCA:GDX), which "seeks to replicate as closely as possible, before fees and expenses, the price and yield performance" of the NYSE Gold Miners Index (INDEXNYSEGIS:GDM).

The occasion? The index is up 26 percent this year, performing markedly better than gold, which has risen just 8.9 percent in that time. According to The Wall Street Journal, that's because gold miners are now back in favor after spending "years in the shadow of gold."

However, while the Gold Miners ETF is a good option for investors looking to get exposure to large gold companies, not everyone is interested in the big companies it includes. Luckily, Van Eck Associates, which administers the ETF, thought of that possibility and also offers the Market Vectors Junior Gold Miners ETF (ARCA:GDXJ).

Here's a look at that ETF's top five holdings as of today.

1. Torex Gold Resources (TSX:TXG)

Canada-based Torex, which bills itself as a "well-funded, growth-oriented" company, is exploring and developing its Morelos gold property, which covers 29,000 hectares in Mexico's Guerrero Gold Belt. Located at the property are its El Limon-Guajes project and Media Luna project; the former has been under construction since November 2013, while the latter is at an advanced stage of exploration.

Torex released its Q2 financial results just last week, commenting that work at El Limon-Guajes remains on schedule and on budget. Meanwhile, the company continues to evaluate Media Luna.


SEMAFO, also based in Canada, operates the Mana mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits. This year, it hopes to produce between 200,000 and 225,000 ounces of gold — that would be a 34-percent increase over 2013 production. It also plans to lower its cash cost by 9 percent, to between $695 and $745 per ounce.